Housing costs in New Market?
A typical home costs
$270,800, which is 19.9% less expensive than the national average of
$338,100 and 21.1% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in New Market costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 75.0% cheaper than the state average of
$1,400.
Can I afford New Market?
To live comfortably in New Market (zip 22844), Virginia, a minimum annual income of
$51,840 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about New Market?
The cost of living in 22844 New Market, VA is relatively high compared to the national average. The median home value in this area is $385,000, which is slightly above the national average. Additionally, the cost of groceries and healthcare are also higher than the national averages. However, housing costs tend to be less expensive when compared to other areas of Virginia such as Richmond or Fairfax county. The unemployment rate in 22844 is very low at 4%, and the average salary here is quite high at around $82,000 per year. These factors combined make 22844 a great place to live with a high quality of life for its residents.